Michael v.B. Nagel
...Since 2001, Mr. Nagel, has been a partner with the Tallis Group, an U.K.-based executive search firm.He served as Senior Adviser to the Romanian Ministry of SME's from 2000 to 2001.From 1997 to 1999, he was the Managing Director of Pricewaterhouse Poland.
...The Audit Committee
consists of Mr. Bullard, Mr. Nagel
and Mr. Atkins.
...The Compensation Committee
consists of Mr. Nagel
and Mr. Bullard.
...Mr. Nagel is the Chairman of the Compensation Committee.The Compensation Committee
annually reviews and makes recommendations to the Board of Directors regarding compensation arrangements with the executive officers of ATCHISON CASTING CORP
and reviews and approves the procedures for administering employee benefit plans of all types.
During the 2002 fiscal year, the Board of Directors met 7 times, the Audit Committee
met 2 times and the Compensation Committee
met 2 times.During the 2002 fiscal year each Director attended all of the meetings of the Board of Directors and the committees on which they served, that occurred after such directors' appointment to the Board of Directors.AUDIT COMMITTEE REPORT
This report has been issued over the names of each member of the Compensation Committee, Michael v.B. Nagel
and William Bullard.
Includes 10,000 shares subject to exercisable options, which Mr. Nagel
received pursuant to the Atchison Casting Non-Employee Director Option Plan and 10,130 shares received in lieu of cash for directors' fees. (10)